Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. as a result of its annual inventory count, bramble

As a result of its annual inventory count, Bramble Corp. determined its ending inventory at...

90.2K

Verified Solution

Question

Accounting

As a result of its annual inventory count, Bramble Corp. determined its ending inventory at cost and at lower of cost and net realizable value at December 31,2022, and December 31,2023. December 31,2022, was Bramble's first year end. This information is as follows:
\table[[,Cost,\table[[Lower of Cost],[and NRV]]],[Dec.31,2022,$321,000,$283,350
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

Starset Machine Shop is considering a 4-year project to improve its production efficiency. Buying a new...

Psychology
1.2K views

Explain why Rawls thinks the rules for an ideally just society should be negotiated behind a...

Biology
1.2K views

How do chromosomes line up differently in meiosis compared to mitosis? A. They line up...

Basic Math
1.2K views

View Policies Current Attempt in Progress Johnson Enterprises uses a computer to handle its sales...

Basic Math
1.2K views

An auditorium has 20 rows of seats. There are n = 24 seats in the...

Statistics
1.2K views

i are Co la 16 3 This graph represents the first hypothetical described in the...

Algebra
1.2K views

Evaluate the given algebraic expression for x 6 7x 6 The solution is Type an...

Accounting
1.2K views

3 Polaski Company manufactures and sells a single product called a Ret. Operating at capacity,...

Accounting
1.2K views

3-33. (Determine parent company and consolidated account balances for a bargain purchase combination. Parent applies...

Accounting
1.2K views

Required information [The following information applies to the questions displayed below.] During two...

Accounting
1.2K views

Knockoffs Unlimited, a nationwide distributor of low-cost imitation designer necklaces, has an exclusive franchise on...

Accounting
1.2K views

Roxy Labs Inc produces varlous chemical compounds for Industrial use. One compound, called Clix, Is...